Examlex
Evaluate the expression.
GDP
Gross Domestic Product, the total value of all goods and services produced within a country in a specific period.
Federal Government
The national government of a federal state, which holds the central political authority over the collection of states or provinces.
Progressive Taxes
A taxing mechanism where the tax rate increases as the taxable amount grows, resulting in individuals with higher incomes paying a higher percentage of their income in taxes.
Direct Taxes
Taxes levied directly on individuals' or entities' income or wealth, such as income tax and property tax.
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